In the news

Mass. Economist Predicts Slow Growth in 2013

January 18, 2013

The jobs report released Thursday marked an end to the slow and mod­erate eco­nomic growth of 2012, as the state Exec­u­tive Office of Labor and Work­force Devel­op­ment announced that the unem­ploy­ment rate rose to to 6.7 per­cent in December.

That’s up from 6.6 per­cent in November , but two-​​tenths of a per­centage point below the December 2011 level.

Alan Clayton-​​Matthews, an econ­o­mist at North­eastern Uni­ver­sity, said although slug­gish, the growth encour­aged people to re-​​enter the labor force.

“The increase in the number of jobs encour­aged people to enter the labor force and that kept the unem­ploy­ment rate from falling,” Clayton-​​Matthews said. It only fell two-​​tenths of a per­centage point in the past year, and in the last few months is actu­ally has been rising.”

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“This is an exciting and unex­pected dis­covery that ques­tions the stan­dard par­a­digm in the field,” Kim Lewis, director of the Antimi­cro­bial Dis­covery Center at North­eastern Uni­ver­sity not involved with the […]

Last year, for instance, the Brook­ings Insti­tu­tion reported that it took twice as long to fill sci­ence, tech­nology, engi­neering, and math, or STEM, jobs as non-​​​​STEM posts. Mean­while, aca­d­e­mics like […]

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